Is investing in mixed-use properties recommended?

Mixed-use properties pertain to structures that serve more than one purpose. The most popular and most common examples of this are buildings that have commercial spaces such as restaurants, stores, and offices on the lower floors and residential areas above them.

On that note, Gene Bernshtam presents three points on investing in mixed-use properties.

1. Mixed-use properties have multiple target markets.

Depending on the purpose of the property, mixed-use properties can cater to more than just a single market. What does this mean? Mixed-use properties will be of interest to people looking for places to live in, sites to put up their businesses, or accommodations in which to stay for a few days or nights, among others.

2. Mixed-use properties are often placed in areas with other mixed-use properties.

Being in an area with other mixed-use properties more often than not means that the property will be right smack in the middle of a business center. And as studies have shown, business centers are seldom lacking in tenants and clients. It creates a much more sustainable community and a more profitable investment.

3. Mixed-use properties provide more residential spaces.

The fact that families can occupy the upper floors of buildings in business areas means that mixed-use properties contribute to solving the housing problems many cities experience, Gene Bernshtam explains. Mixed-use properties help decongest overcrowded spaces, raising the quality of life.

Gene Bernshtam, the head of Avalon Holdings LLC and its affiliate entities, is also an avid automobile collector and a member of the Lamborghini Club of America. Follow this Twitter page for more real estate updates.